Comcast Ventures and Cisco were among the existing investors that pitched in on a $42 million round of new funding for photonics routing vendor Compass-EOS. Other existing investors that took part in financing included Pitango Venture Capital, Benchmark Capital, Northbridge Venture Partners and Marker LLC with a U.S.-based private equity fund and Rusano also joining the round as new investors.
Steve Reynolds has left his job at Comcast to join Denver-based Harris Broadcast. Reynolds, who played a key role in the development of Comcast’s Reference Design Kit (RDK), was hired as Harris Broadcast’s chief technology officer.
Vonage has closed on its $130 million acquisition of fellow cloud-based communications company Vocalocity Inc. The deal, announced last month, includes $105 million in cash and $25 million in Vonage stock. It increases Vonage's presence in the small- and medium-sized business market.
“News is among the fastest growing categories on the Roku platform and this partnership with AOL makes it even easier for customers to find and start watching a variety of news videos,” said Steve Shannon, general manager of content and services, Roku. “This is the first integrated news service on a TV streaming platform and we expect for it to be a big hit.”
The Xbox One and PS4 are both about to debut. At one time, they were expected to become alternatives to set-top boxes, but now? Along came Google's Chromecast, the Roku player, Apple TV and, of course, a slew of tablets. There are many ways to stream movies, TV and music into the home now. In that sense, the Xbox One and the PlayStation 4 are no longer in a traditional, head-to-head battle.
Comcast Corp. plans to start selling movies and TV shows from its set-top box before the end of the year, according to a person familiar with the matter. The nation's largest cable TV provider already rents movies and TV shows, but by selling content through set-top boxes, it will expand a market that remains a small fraction of home entertainment spending in the U.S.
Despite basic video subscriber losses in the United States, the worldwide pay TV subscriber base topped 886.5 million in the recent third quarter, which was a 6 percent increase year-over-year. According to a report by ABI Research, pay TV service revenues in the United States generated $62.6 billion in the third quarter.
Adaptrum said this is the first pairing with Google TV the FCC has certified. A white space broadcaster can employ systems that work in one of two ways. The system can either analyze broadcast signals and select an unoccupied band, or it can check against a database of existing local broadcast signals and select an unused frequency. Adaptrum's ACRS 1.0 does the latter.
Charter promised to rebrand its service as it goes all-digital, and the new identity it has chosen actually includes its name. The new all-digital service provides more channels in HD, and is also more expensive. The company said it has shifted more than 60 percent of subscribers to all-digital, but the transition to digital also seems to have had an effect on subscriber numbers.
Time Warner Cable is serving up free digital music for more than 11 million subcribers via a deal with Slacker. Time Warner Cable data customers will be able to access the various music genres that Slacker provides on its TWC Central web portal.
Tech bellwether Cisco Systems Inc. posted lower-than-expected revenue for its fiscal first quarter on Wednesday and warned that its revenue for the current period could fall as much as 10 percent from a year ago. Cisco's shares tumbled 11 percent in extended trading after the company gave its guidance
Juniper Networks Inc. has named Barclays executive Shaygan Kheradpir as CEO, replacing Kevin Johnson, who is retiring. Kheradpir, 52, had served as chief operations and technology officer at the financial services firm, which he joined in 2011.
Comcast Corp.'s NBCUniversal says it has taken full control of Sprout, the pay TV channel for preschoolers that it had launched with joint venture partners PBS, Sesame Workshop and Hit Entertainment in 2005. NBCU had a 47 percent stake previously while remaining partners PBS had about 17 percent and Hit had about 35 percent.
Legislation to be proposed by Sen. Jay Rockefeller would guarantee equal access to cable network programming to over-the-top companies such as Netflix, Sony, and others. The bill assumes that OTT companies would use those rights to offer those channels on an a la carte basis.
Multi-screen vendor Clearleap has closed a $20 million round of funding to bring its total financing to $36 million since its inception in 2007. Susquehanna Growth Equity led the series C round with participation from Clearleap’s existing investors: Trinity Ventures and Noro-Moseley.